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Deals

  • Bankrupt women’s apparel chain gets a buyer

    The Limited is in line to get a new lease on life.    Sycamore Partners has won the auction for the e-commerce business and intellectual property of the bankrupt women's apparel retailer with a bid of $26.8 million, according to Reuters.   

  • Richmond-area center to be sold at auction

    The Shops at Stonehenge in Chesterfield County, Virginia, south of Richmond, will be sold in a foreclosure auction this week, according to a report in the Richmond Times-Dispatch.  

  • Report: Apparel company makes a play for bankrupt specialty retailer

    A new company is interested in The Limited.   Sunrise Brands LLC has bid for the bankrupt apparel retailer’s e-commerce business and intellectual property, a move that challenges a $26.3 million offer from private equity firm Sycamore Partners, Reuters said.   

  • Report: Update on Walgreens-Rite Aid deal

    Walgreens Boots Alliance’s acquisition of Rite Aid is moving closer to getting a green light from the Federal Trade Commission.       The FTC is expected to approve the sale in the next two to four weeks, reported the New York Post, citing two sources close to the situation.   The major sticking point was reportedly the number of Rite Aid stores that need to be divested to Fred’s Pharmacy.      

  • Off-pricer retailer sets 2017 expansion

    It’s going to be a busy spring for Stein Mart.   The Florida-based chain will open five stores this spring –– the first phase of its 2017 store plan to open a total of 11 new stores. The remainder of the locations will open in the fall.    “These new stores fall within our real estate strategy to grow sales by filling existing markets where we are doing well,” said Hunt Hawkins, CEO of Stein Mart, which operates 290 stores.   

  • RCS cops award for restructuring of Pacific Sunwear

    RCS Real Estate Advisors will receive a Turnaround Award from M&A Advisor later this month for its work in the reorganization of Pacific Sunwear.  

  • Amazon steps up logistics footprint

    The online retailer is expanding its presence in California.   Amazon has pre-leased an additional one million sq. ft. of logistics space from Goodman Commerce Center Eastvale, California, according to a statement by Goodman. Goodman will construct the logistics center for Amazon.  

  • Investors reach $40 million settlement in Sears real estate deal

    Sears Holding Corp.’s chairman and CEO Eddie Lampert and the company's board settled a lawsuit alleging that the chief executive benefited from a spin-off deal.   The lawsuit was brought on behalf of Sears and against Lampert, other Sears directors and Seritage Growth Properties, the real estate investment trust established to acquire 235 of the struggling chain’s best stores, reported Reuters.  
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